Monoline, a leading personal umbrella insurance platform, has successfully expanded its services to Kentucky, bringing its total state coverage to 43 states. The strategic expansion represents a crucial milestone in the company’s mission to provide agents with a streamlined solution for standalone personal umbrella policy placements.
The Kentucky launch required substantial platform modifications to comply with the state’s unique fee and tax regulations. These technical enhancements not only support the current expansion but also position Monoline for future growth into additional states and product offerings.
Greg Blasko, Monoline Co-Founder, emphasized the significance of these platform updates, stating that the architectural modifications will facilitate more efficient scaling as the company continues to grow. Since its 2023 launch, Monoline has established itself as a preferred carrier for top agencies nationwide.
The platform offers distinctive features that set it apart from traditional insurance placement methods. Agents can access a free, intuitive online system that enables quoting and binding personal umbrella policies ranging from $1 million to $5 million in approximately half the time of conventional approaches. Integration with Ivans download and agency management tools further streamlines policy management and reporting.
Ben Phillips, CEO and Co-Founder, highlighted the company’s strategic vision of making its platform accessible across the country. He acknowledged the unique regulatory challenges each state presents and reaffirmed Monoline’s commitment to addressing these complexities to ensure widespread agent access to their innovative solutions.
Looking forward, Monoline is actively preparing to launch in several additional states, including Florida, New York, New Jersey, Minnesota, Oregon, and Maine. The company remains focused on reaching key markets to achieve comprehensive nationwide availability.
This expansion demonstrates Monoline’s dedication to transforming the personal insurance landscape by leveraging technology and understanding the nuanced needs of insurance agents and their clients.
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